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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Investment income:      
Interest income $ 1,089,044 $ 796,499 $ 610,508
Dividend income 387 9,307 219
Fee income 7,010 4,162 5,785
Total investment income 1,143,517 850,292 624,700
Expenses:      
Interest expense 266,420 203,579 120,469
Management fees (Note 3) 98,122 101,707 62,401
Income based incentive fees (Note 3) 134,230 97,154 67,272
Capital gains incentive fees (Note 3) (5,506) (11,883) 16,312
Professional fees 6,077 4,011 2,925
Board of Trustees' fees 907 853 571
Administrative service expenses (Note 3) 2,250 2,672 2,370
Other general and administrative 6,115 6,343 4,794
Total expenses before excise tax 508,615 404,436 277,114
Management fees waived (Note 3) (20,194) (25,427) (4,195)
Incentive fees waived (Note 3) (15,604) (13,879) (2,333)
Net expenses before excise tax 472,817 365,130 270,586
Net investment income before excise tax 670,700 485,162 354,114
Excise tax expense 16,795 1,386 2,438
Net investment income after excise tax 653,905 483,776 351,676
Net change in unrealized appreciation (depreciation):      
Net unrealized (appreciation) depreciation on investments (50,841) (126,493) 104,727
Translation of assets and liabilities in foreign currencies (3,732) 4,344 (549)
Net change in unrealized appreciation (depreciation) (54,573) (122,149) 104,178
Net realized gain (loss):      
Non-controlled/non-affiliated investments (6,205) 37,402 7,785
Foreign currency transactions 18,824 5,527 (3,217)
Net realized gain (loss) 12,619 42,929 4,568
Net realized and change in unrealized gain (loss) (41,954) (79,220) 108,746
Net increase (decrease) in net assets resulting from operations $ 611,951 $ 404,556 $ 460,422
Net investment income (in usd per share) $ 3.90 $ 2.91 $ 2.43
Earnings (loss), basic, per share (in usd per share) 3.65 2.44 3.19
Earnings (loss), diluted, per share (in usd per share) $ 3.65 $ 2.44 $ 3.19
Weighted average shares outstanding basic (in share) 167,615,433 166,072,919 144,510,122
Weighted average shares outstanding diluted (in share) 167,615,433 166,072,919 144,510,122
Non-controlled/non-affiliated investments      
Investment income:      
Payment-in-kind interest income $ 47,076 $ 40,324 $ 8,188
Net change in unrealized appreciation (depreciation):      
Net unrealized (appreciation) depreciation on investments (36,685) (143,515) 101,804
Net realized gain (loss):      
Non-controlled/non-affiliated investments (14,488) 37,402 7,785
Non-controlled/affiliated investments      
Net change in unrealized appreciation (depreciation):      
Net unrealized (appreciation) depreciation on investments (14,156) 17,022 2,923
Net realized gain (loss):      
Non-controlled/non-affiliated investments $ 8,283 $ 0 $ 0